Liew, Venus Khim-Sen; Lim, Kian-Ping; Lau, Evan; … - EconWPA - 2003
nonlinear stationary, implying that MYR/USD nominal exchange rate and relative price are cointegrated regardless of price …, which did not take the nonlinear exchange rate adjustment behavior into consideration. Few principle implications may be … in the sample period of study. Third, economists who wish to extend the simple PPP exchange rate model into the more …